Insider Selling: Advanced Micro Devices, Inc. (NASDAQ:AMD) CFO Sells 127,735 Shares of Stock

Advanced Micro Devices, Inc. (NASDAQ:AMD) CFO Devinder Kumar sold 127,735 shares of the company’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $32.05, for a total transaction of $4,093,906.75. Following the completion of the sale, the chief financial officer now directly owns 709,990 shares in the company, valued at $22,755,179.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Devinder Kumar also recently made the following trade(s):

  • On Monday, August 12th, Devinder Kumar sold 152,570 shares of Advanced Micro Devices stock. The shares were sold at an average price of $33.53, for a total transaction of $5,115,672.10.
  • On Thursday, May 30th, Devinder Kumar sold 127,735 shares of Advanced Micro Devices stock. The shares were sold at an average price of $28.30, for a total transaction of $3,614,900.50.

AMD stock traded down $2.36 during mid-day trading on Friday, reaching $29.54. The company’s stock had a trading volume of 81,109,520 shares, compared to its average volume of 80,085,424. The stock has a market cap of $34.63 billion, a PE ratio of 84.40, a P/E/G ratio of 2.73 and a beta of 3.06. The company has a current ratio of 2.08, a quick ratio of 1.52 and a debt-to-equity ratio of 0.54. Advanced Micro Devices, Inc. has a fifty-two week low of $16.03 and a fifty-two week high of $35.55. The company’s 50 day moving average is $32.18 and its two-hundred day moving average is $28.22.

Advanced Micro Devices (NASDAQ:AMD) last released its quarterly earnings data on Tuesday, July 30th. The semiconductor manufacturer reported $0.08 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.08. The company had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.52 billion. Advanced Micro Devices had a net margin of 3.25% and a return on equity of 16.04%. Advanced Micro Devices’s quarterly revenue was down 12.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.14 EPS. On average, analysts forecast that Advanced Micro Devices, Inc. will post 0.5 earnings per share for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its holdings in shares of Advanced Micro Devices by 4.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,399,337 shares of the semiconductor manufacturer’s stock worth $62,743,000 after purchasing an additional 136,475 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Advanced Micro Devices by 14.5% in the 4th quarter. Geode Capital Management LLC now owns 13,069,235 shares of the semiconductor manufacturer’s stock valued at $240,885,000 after acquiring an additional 1,651,507 shares during the last quarter. Two Sigma Advisers LP bought a new stake in shares of Advanced Micro Devices in the 4th quarter valued at about $962,000. Municipal Employees Retirement System of Michigan bought a new stake in shares of Advanced Micro Devices in the 4th quarter valued at about $423,000. Finally, Nordea Investment Management AB lifted its stake in shares of Advanced Micro Devices by 321.7% in the 4th quarter. Nordea Investment Management AB now owns 254,994 shares of the semiconductor manufacturer’s stock valued at $4,706,000 after acquiring an additional 194,521 shares during the last quarter. Institutional investors own 62.86% of the company’s stock.

AMD has been the subject of a number of analyst reports. BidaskClub upgraded shares of Advanced Micro Devices from a “sell” rating to a “hold” rating in a research report on Saturday, July 6th. MKM Partners upped their price objective on shares of Advanced Micro Devices to $28.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 1st. Nomura upped their price objective on shares of Advanced Micro Devices from $33.00 to $37.00 and gave the stock a “buy” rating in a research report on Tuesday, July 9th. Wedbush downgraded shares of Advanced Micro Devices from an “equal weight” rating to a “hold” rating in a research report on Wednesday, July 31st. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $44.00 price objective (up previously from $43.00) on shares of Advanced Micro Devices in a research report on Sunday, August 11th. Two equities research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and thirteen have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $31.59.

Advanced Micro Devices Company Profile

Advanced Micro Devices, Inc operates as a semiconductor company worldwide. The company operates in two segments, Computing and Graphics; and Enterprise, Embedded and Semi-Custom. Its products include x86 microprocessors as an accelerated processing unit (APU), chipsets, discrete and integrated graphics processing units (GPUs), and professional GPUs; and server and embedded processors, and semi-custom System-on-Chip (SoC) products and technology for game consoles.

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Insider Buying and Selling by Quarter for Advanced Micro Devices (NASDAQ:AMD)

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